He could face up to 30 years in jail once sentenced.a statement about a former investment banker pleading guilty to committing a crypto investment fraud.
He scammed a total of 29 investors of $1.5 million during November 2020- August 2022. He could face up to 30 years in jail when he gets sentenced for crypto fraud. Russell exploited the funds obtained from these investors for personal benefits, gambling, and repaying earlier investors.Russell also pleaded guilty to his role in a separate identity theft scheme. During September 2021- June 2023, he fraudulently obtained more than fifteen credit cards and other devices using false information in the names of third parties. He was hoping to use them to carry out illicit and unauthorized transactions.
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